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Ch. 725
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2916
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LAWS OF MARYLAND
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(1) The Board of Public Works may borrow money and
incur indebtedness on behalf of the State of Maryland
through a State loan to be known as the Calvert County
Jail Loan of 1977 in the aggregate principal amount of
$750,000. This loan shall be evidenced by the issuance
and sale of State general obligation bonds authorized by
a resolution of the Board of Public Works and issued,
sold and delivered in accordance with the provisions of
§§ 19 to 23 of Article 31 of the Annotated Code of
Maryland (1971 1976 Replacement Volume and 1975 1976
Supplement, as amended from time to time).
The bonds issued to evidence this loan or
installments thereof may be sold as a single issue, or
may be consolidated and sold as part of a single issue of
bonds under § 2B of Article 31 of the Code.
(2) The actual cash proceeds of the sale of the
bonds shall be paid to the Treasurer and shall be first
applied to the payment of the expenses of issuing and
delivering the bonds unless funds for this purpose are
otherwise provided and thereafter shall be credited on
the bocks of the State Comptroller and expended, upon
approval by the Board of Public Works, for the following
public purposes, including any applicable architects' and
engineers' fees: For the construction and equipping of a
new Calvert County Jail Facility.
(3) The payment of any funds under the provisions
of this Act for the purpose of constructing and equipping
a new Calvert County Jail shall be contingent upon the
provision by Calvert County of at least an equal and
matching fund for this project from county funds. The
Board of County Commissioners of Calvert County shall
have until June 1, 1979, to present evidence satisfactory
to the Board of Public Works that it has raised at least
this equal and matching fund for the purpose of
constructing and equipping Calvert County Jail.
Upon receiving from the Board of Public Works a
certification of such suitable evidence on or before June
1, 1979, the Treasurer of the State is hereby authorized,
empowered and directed to proceed to spend the proceeds
of said loan in accordance with the other provisions of
this Act. If such satisfactory evidence of the raising
of at least an equal and matching fund for this project
is not presented to the Board of Public Works on or
before June 1, 1979, no funds the provisions of
this Act shall thereafter be paid over to or expended for
the purpose of constructing and equipping a new Calvert
County Jail, including the payment of architect's and
engineers' fees.
(3) Prior to the payment of any funds under the
provisions of this Act for the purposes set forth in
Section 1.(2) above, Calvert County shall provide at
least an equal and matching fund of $750,000 for this
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